Tony’s Comments: I’m becoming a Social Capitalist in my old age. On the one hand I embrace capitalism as the most viable economic model for us to follow while on the other hand know that in it’s purest form, it can be as evil and unworkable as communism at the other end of the spectrum. …
Tag: financial planner
Social Security’s Primary Insurance Amount: What Is It?
Tony’s Comments: Since today is Tuesday, this is about Social Security. For those of you who plan to retire one day, a basic understanding of Social Security and how it works is a critical element of your overall retirement planning strategy. This article appeared in Motley Fool, and for whatever reason, does not have an …
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This Is Why People Flunk Retirement
My Comments: Few of us realize as we pass through young adulthood that life is finite. We may lose an elderly family member and we acknowledge the inevitable but few of us are able to get our arms around what it might mean for us. I describe retirement as that point in your life when …
The Truth About Social Security: Setting the Record Straight
My Comments: Retirement at some point in your life is both a goal and an outcome. It may happen voluntarily or it may be forced on you. Regardless of how you get there, chances are you’ll still have bills to pay. Those bills will be paid from money you’ve saved and accumulated or from Social …
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Trump Is Losing His Trade War
My Comments: The article I share with you here appeared in Forbes, which no one thinks of as a liberal rag. The reality is that free markets evolve over time, with some markets proving resilient and profitable, and some going the way of the dodo bird. Putting limits on free trade makes little sense to …
The Stark Reality of Social Security: Someone Has to Take a Pay Cut
My Comments: As a financial planner focused on retirement, I counsel people about where the money is going to come from when they’re 85 and still have bills to pay. And 85 is simply a symbolic number. A critical source for most of us is Social Security. And it’s under attack by those we’ve elected …
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3 Myths About Your Social Security Filing Age
My Comments: Social Security benefit payments are critical for millions of Americans. When you apply and the amount of money you are entitled to is a decision fraught with uncertainty. Since none of know how our life is going to play out, all we can do is develop an understanding of our choices so that …
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We’re nearly at zero: The US just passed another flashing-red indicator on the way to recession
My Comments: Anyone of you who has money invested or is dependent on cash flow from your investments to pay your bills needs to be concerned. What follows is a very good explanation for anyone who whose time horizon for retirement is less than 10 years. Uncertainty is the biggest driver of global pullbacks in …
The market will crash this year — and there’s a good reason why
My Comments: Frankly, I have no idea if it will or not, but I tend to pay attention when people smarter than I start talking about stuff that is clearly an existential threat to my financial well being and that of my clients, family and friends. If the money you have saved is critical in …
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Beliefs vs Reality
My Comments: These are strange times. I'm having a hard time coming to terms with my beliefs and values as a human and the values and beliefs as expressed by others. Mine have evolved over the past 76 years and encompass everything that defines me as a member of society. I'm comfortable in my own …
Helping Define Your Financial Future 